“The market has been witnessing pressure on account of weak global cues. Even on the domestic front sharp surge in inflation data and weak monsoon progress in the month of August’23 seems to have dented the investor's sentiments. We expect this weakness to persist in the market in the near term in the absence of any positive trigger,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
“We reiterate our view to keep a check on positions and maintain focus on risk management,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd. IRFC, Adani Power, Bharat Electronics, Vedant Fashions among stocks to watch on Thursday
The Centre is reportedly exploring a stake sale in Indian Railway Finance Corporation (IRFC). The government owns a little over 86% in the funding arm. While the government is yet to decide the exact quantum of sale, it will reportedly aim to sell up to 11% in multiple tranches
Continue viewing BT Visual Story
Catch the latest business news, share market updates, expert analysis and exclusives only on BTTV.in
Bharat Electronics shares will trade ex-dividend on Thursday (August 17, 2023). The company had announced a final dividend of Re 0.6 per equity share
Shares of IHCL subsidiary Benares Hotels will trade ex-dividend today. The company had announced a final dividend of Rs 20 per equity share
Shares of Manyavar parent Vedant Fashions will trade ex-dividend today. The company had announced a final dividend of Rs 9 per equity share
Coal India Limited (CIL)’s capital expenditure increased by 8.5% YoY to Rs 4,700 crore during April-July 2024 period, with the company continuing to invest heavily in evacuation infrastructure, land, and mining machinery. “The capex utilization during the referred period was nearly 100% of the progressive target of Rs 4,754 crore and 28.3% of annual target of Rs 16,600 crore of FY24.”
Around 31 crore shares or 8.1% of Adani Power's total equity exchanged hands in multiple large deals on Wednesday as the power-to-port conglomerate Adani Group deepened its efforts to recover from a US-based short-seller attack. While the promoter entity is likely to be the seller in the transaction, a marquee global fund is likely to be the buyer of the stake valued at nearly a billion dollars
"Having formed a new lower bottom at 19,257 on Monday, the odds of Nifty forming another lower top could be high in the short term. Currently, the strong cluster resistance is placed around 19,550-19,600 levels and one may possibly expect weakness from the highs for this week. Immediate support is placed around 19,250-19,300 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty has reached the 20-week moving average (43,800) and hence the fall may not be severe from current levels. The trend is still negative however oversold and we can observe divergence on the hourly charts which indicates that a pullback is possible over the next few trading sessions. The pullback can stretch higher till 44,400 – 44,500," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position